Incentives
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Incentives

A variety of targeted, performance-based financial incentives are available at the local and state levels.

 

At the state level, there are four types of incentives that help to lower the cost of relocation and expansion: Targeted Industry Incentives, Workforce Training Incentives, Infrastructure Incentives, and Special Opportunity Incentives.

 

Qualified Target Industry Tax Refund (QTI) is an incentive available for companies that create high-wage jobs in targeted industries in our area, including Manufacturing, Life Sciences, Information Technology, Financial and Professional Services, as well as Defense and Security. This incentive includes refunds on corporate income, sales ad valorem, intangible personal property, insurance premium, and other specific taxes.

 

A Workforce Training Incentive, the Quick Response Training Program (QRT) is an employer-driven training program designed to assist new value-added businesses and provide existing Florida businesses the necessary training for expansion. Whether it is a community college, area technical center, school district, or university, a state educational facility is available to assist with the application and program development or delivery.

 

Members of the Business Development department at the Tampa Hillsborough EDC have more information on available financial incentives, as well as the qualification process.

 

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For a more information about the financial incentives offered by the state of Florida, please contact Steve Morey, Vice President, Business Development, at
813-518-2630 or smorey@tampaedc.com